Announcement on Renewing the Financial Services Agreement with China Electronics Technology Financial Co., Ltd. and Related Party Transaction
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision" or "the Company") held the ninth meeting of its sixth Board of Directors on April 16, 2026, and approved the "Proposal on Renewing the Financial Services Agreement with China Electronics Technology Financial Co., Ltd. and Related Party Transaction." Hikvision and China Electronics Technology Financial Co., Ltd. (hereinafter referred to as "Financial Company") will renew the "Financial Services Agreement" (hereinafter referred to as the "Agreement") for a term of three years. During the deliberation of this proposal, related directors Fu Bojun and Xu Lixing recused themselves from voting. Prior to submission to the Board of Directors, this proposal had been reviewed and approved by the Independent Directors' Special Committee. This proposal is subject to approval by the Company's shareholders' meeting, and related shareholders will recuse themselves from voting. The details are as follows:
I. Overview of Related Party Transaction
- The Company intends to renew the "Financial Services Agreement" with the Financial Company. The agreement stipulates that the two parties will carry out business cooperation in deposits, settlements, comprehensive credit, and other financial services, with a term of three years. During the term of the Agreement, the maximum daily balance of funds deposited by the Company and its holding subsidiaries in the Financial Company (including accrued interest) shall not exceed 20% of the shareholders' equity in the Company's consolidated financial statements for the previous year (inclusive). The revolving comprehensive credit line shall not exceed RMB 5.00 billion (inclusive), for purposes including but not limited to loans, bill acceptance, bill discounting, guarantees, factoring, and other forms of fund financing. The revolving limit for other financial services shall not exceed RMB 6.00 billion (inclusive), including but not limited to financial and financing advisory, credit endorsement, and related consulting, agency services, entrusted loans, etc.